Canadian consumers are lowering their expectations for home price gains. The Bank of Canada (BoC) released its Q3 2021 Survey of Consumer Expectations. One key takeaway from the survey is the household forecast of home price growth. The latest survey shows consumers lowered their expectations for how much prices will rise over the next year. […]
Canadian businesses increasingly see inflation as less of a transitory issue. The Bank of Canada (BoC) recently published the results of the Business Outlook Survey for Q3 2021. The survey, which measures future expectations for business activity, showed big inflation concerns. The share of businesses forecasting high inflation has never been this close to the […]
Think Toronto or Vancouver real estate is too expensive? Then consider more affordable places like Los Angeles, New York, or San Francisco. Oxford Economics released its North American Housing Affordability Index (HAI) for Q2 2021. The global forecasting firm found affordability has deteriorated across North America. Toronto and Vancouver real estate were in a league […]
Falling Canadian housing investment is starting to weigh on new housing activity. Canada Mortgage and Housing Corporation (CMHC) data shows housing starts fell in September. The drop comes after hitting a multi-year high earlier this year. Even with the drop, building activity is still elevated above historic levels. Canadian Housing Starts Fell To 271,000 Units […]
A little confused about Canadian real estate prices, and where they’re heading in the near term? You’re not alone. Home price data is starting to look a little confusing, even to the industry. RPS, the 30-year old property data giant owned by Brookfield, released its September home price index. The index, drawing from a larger […]
Canadian home building is near record activity, but it appears it’s hard to keep finding new money. Statistics Canada (Stat Can) data shows investment in building construction fell in August. The decline marked the fourth consecutive month, and it was due entirely to housing. Residential building construction investment dropped so fast, it’s now technically a […]
Hong Kong, New York City, and Paris? They have nothing on Canada’s biggest real estate bubbles. UBS released its annual Global Real Estate Bubble Index today. Two Canadian cities managed to rank near the top of the charts — Toronto and Vancouver. Toronto home prices now rank as the second biggest bubble in the world. […]
The Canadian bond market is sending real estate a message — credit is going to tighten. Government of Canada (GoC) 5-year bond yields hit the highest level in a year today. Yields for the segment are now triple the level they were last year. Since GoC bond yields influence mortgage rates, this will drive the […]
Fewer Canadians quit their job due to satisfaction last month, and it’s bad news for wages. Statistics Canada (Stat Can) data shows job quits due to dissatisfaction fell in September. It might sound like a good thing, but this often indicates a lack of confidence in the employment market. Falling quits means employers are in […]
Elevated inflation is looking a lot less transitory, and might actually accelerate. That’s what the average business expects, according to the Canadian Federation Of Independent Business (CFIB) Business Barometer in September. The regular survey found Small and medium sized businesses expect costs to soar. Since higher business costs are passed to consumers, this may mean […]
